Quiros, 65, faced up to eight years in prison as part of a plea deal struck in 2020 to cooperate with prosecutors' investigation into his coconspirators, Bill Stenger and William Kelly. Quiros was also ordered to pay more than $8 million in restitution. District Court judge Geoffrey Crawford sentenced Quiros on Friday, handing down the longest term given to the trio of men who have pleaded guilty to aspects of the fraud.
Miami businessman and former Jay Peak owner Ariel Quiros has received a five-year federal prison sentence for his leading role in the calamitous EB-5 scheme that became the largest financial fraud in Vermont history.Ĭhief U.S. Ariel Quiros (left) with his former lawyer, Seth Levine, after a 2019 court hearing.
